After the last price hike in fuel products, it is clear that the government is attempting to do all it can to bring the IMF bailout programme back. There are reports that while the fuel price hike was necessary, there is a tussle on fuel tariffs that both sides have not been able to agree on. The IMF is reportedly not happy with the government’s decision to reduce the maximum tax rate to 32.5 percent from its original 35. This, and the reduction of slabs from 12 to 7 will also likely be a part of the discussions being carried out. The next few weeks will be crucial as details of the discussions between the government and the IMF get clearer.
Source: The Nation June 17, 2022 04:25 UTC